ECONOMY

Mumbai: The Indian rupee on Monday fell to two-month low and closed with a sharp 39 paise loss at 62.55 against the US dollar after better-than-expected jobs data spurred expectations of an early hike in US interest rates. Fresh dollar demand from importers amid strong cues in overseas markets and...

Mumbai: Indian markets on Monday logged their biggest drop in 3 months with benchmark Sensex tanking 604 points to end below 29,000 mark and the Nifty index slipped 181 points to fall below 8,800 level on fears that an earlier-than-expected rate hike by US will hit fund inflows.
It was a...

Mumbai: Rebounding from one-week low, the Indian rupee on Thursday rose by 9 paise to finish at 62.16 against the dollar, snapping its four-day falling trend, on the back of dollar selling by banks and exporters amid rise in stocks.
Moreover, dealers avoided taking any long dollar positions ahead of...

Mumbai: After taking a day's breather, markets on Thursday continued their upward journey with the benchmark Sensex rebounding over 68 points while the Nifty edged up 15 points on buying in pharma, FMCG, banking and auto shares amid sustained foreign fund inflows.
In volatile movements, the 30-share BSE index opened firm...

Mumbai: Benchmark indices nosedived in the last hour of trade on Wednesday after touching record highs earlier in the day spurred by the 25 basis point repo rate cut.
The 30-share BSE Sensex shed 213 points to close at 29380.73, after hitting a new high of 30024.74 intraday. The 50-share...

Mumbai: In a surprise move, the Reserve Bank of India on Wednesday cut repo rate by 25 basis points from 7.75 per cent to 7.5 per cent with immediate effect. This is the second rate cut in the past two months.
The cut in repo rate is likely to make home...

Mumbai: Continued its slide for the third straight session, the Indian rupee on Tuesday fell 5 paise to end at 61.92 against the Greenback following sustained demand for the American currency from importers and a better dollar in overseas trades. Widening fiscal deficit, which rose to Rs 5.68 lakh crore...

Mumbai: Bucking the uptrend in stocks, the Indian rupee on Monday weakened four paise to finish at 61.87 against the US dollar due to sustained demand for the American currency from banks and importers.
Some caution adopted by participants ahead of core sector data outcome also impacted sentiments, said forex brokers.
The...

New Delhi: Former finance minister P Chidambaram tore into the BJP-led NDA government's first full-year Union Budget presented on Saturday. Targeting Finance Minister Arun Jaitley, Chidambaram said the Budget failed the test of tackling rising inequality, cruelly neglected the already poor and gave too much to the rich. "This Budget...

Finance Minister Arun Jaitley on Saturday announced a Budget that put boosting growth before painful reforms, slowing the pace of fiscal deficit cuts and seeking to put domestic and foreign capital to work. Billed as a test of PM Narendra Modi's willingness to reform a $2 trillion economy with a...

Finance Minister Arun Jaitley on Saturday announced a budget that put boosting growth before painful reforms, slowing the pace of fiscal deficit cuts and seeking to put domestic and foreign capital to work. Billed as a test of the PM's willingness to reform a $2 trillion economy with a bloated...

New Delhi: Finance Minister Arun Jaitley on Saturday announced a budget that put boosting growth before painful reforms, slowing the pace of fiscal deficit cuts and seeking to put domestic and foreign capital to work.
In his first full-year budget since Prime Minister Narendra Modi's landslide election victory in May 2014,...

New Delhi: Finance Minister Arun Jaitley on Saturday claimed that the credibility of Indian economy has been re-established while presenting the first full Budget of the Narendra Modi government.
Taking a dig at the previous Congress-led United Progressive Alliance government, Jaitley said the Bharatiya Janata Party-led National Democratic Alliance inherited...

New Delhi: Making a case for rate cut by RBI, Finance Minister Arun Jaitley on Saturday said that retail inflation is expected to remain close to 5 per cent which allows further easing of monetary policy.
The government would soon put in place a monetary policy framework to ensure that inflation...

New Delhi: Finance Minister Arun Jaitley on Saturday said growth in the next financial year will rise to 8-8.5 per cent and clock double-digit level in the subsequent years.
"Growth in 2015-16 is expected to be between 8-8.5 per cent. Aiming for a double digit rate seems feasible very soon," he...

The upcoming Union Budget is very crucial in terms of bringing the Indian economy back on growth track; curb the budget deficit and creating an investment friendly environment. CNN-IBN's Kajori Sen talks to students of IIT-Delhi and IIT-Mumbai about measures Jaitley should take to strengthen the Defence sector.
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Mumbai: The rupee weakened by 10 paise to 61.85 against the US dollar in early trade at the Interbank Foreign Exchange due to rise in the Greenback's value against other currencies overseas.
Forex dealers attributed the rupee's fall to month-end demand for the American currency from importers as well as the...

Mumbai: Ahead of Modi government's first full Budget, the benchmark Sensex on Friday logged its best daily gain in almost six weeks, spurting 473.47 points to 29,220.12 after the Economic Survey made a strong pitch for big-bang reforms while projecting faster growth and improved fiscal situation.
The BSE Sensex opened at...

Mumbai: The Rail Budget failed to enthuse investors dragging the market after Minister Suresh Prabhu hiked freight rates. February F&O expiry also added pressure in the market.
The Nifty ended F&O expiry at 8683.85, down 83.40 points or 0.9 per cent. The Sensex lost 261.34 points or 0.9 percent at...

Mumbai: The Sensex ended up 3.33 points at 29007.99 and the Nifty was up 5.15 points at 8767.25.
About 1234 shares have advanced, 1659 shares declined and 201 shares are unchanged.
Tata Steel, Tata Power, Dr Reddy's Labs, Sun Pharma and BHEL were among the losers. Gainers were HDFC, Bharti...

Mumbai: The rupee extended its gains against the American currency for the second consecutive day, surging 23 paise to end at nearly three-week high at 61.97 on Wednesday on Budget optimism and sustained dollar selling by banks.
Good foreign capital inflows also helped the rupee maintain its gains at closing, forex...

Upcoming first full year Union Budget of the Finance Minister, Arun Jaitley, would be carefully matched, as it is expected to provide directional clarity on the Modi Governments economic agenda. This is the time and the biggest opportunity for the Government to showcase its vision for the economy and industries....

With the changing landscape of Indian businesses, we are witnessing a significant and rapid geographical shift in doing business. Recent times have seen the Indian multinationals regularly flexing their muscle abroad. Not only has the last few years seen established Indian business houses making significant outbound investments into capital intensive...

Mumbai: Investors in India say the government's first full budget must find a way to boost capital spending while exercising fiscal restraint, or a subsequent sell-off in debt and equities could destabilise the rupee, risking a return to levels seen in 2013.
Prime Minister Narendra Modi's election victory nine months ago...

Mumbai: The rupee recouped by 11 paise to close at 62.20 against the US currency on fresh selling of the dollar by banks and exporters on hopes of more foreign capital inflows into equity market. The rupee resumed higher at 62.25 per dollar as against the last close of 62.31...

Mumbai: The market extended losses, falling 0.9 per cent on the first day of Budget week, dragged by banking & financials, FMCG and oil stocks. It was a second straight day loss for the market.
The 30-share BSE Sensex broke 29000 level, down 256.30 points to 28975.11 while the 50-share...